New home sales Cinco Ranch are up eight percent for the first nine months of 2009 compared to the same period in last year, according to information released Newland Communities, developer of the master planned community.
 
A total of 697 new homes were sold in Cinco Ranch during the first three quarters of the year. That compares to 643 new homes sold during the same time last year.

HOME SALES STRONG – Despite a weak economy, new home sales were up 8 percent in Cinco Ranch for the first nine months of 2009.

  
Relocation sales have also remained strong in Cinco Ranch, accounting for one in three new-home sales in the community so far this year, according to Heather Gould, marketing director for Newland.
 
“Now in its 19th year of development, Cinco Ranch has built up strong brand equity and awareness among home buyers and Realtors, which has fueled both relocation sales and local move-up sales,” Gould said.  “In the present economy, home buyers also seem to be finding a greater level of comfort in investing in a large-scale master-planned community like Cinco Ranch.”
 
Gould also said Cinco Ranch has benefited as the largest and most established new-home community near the Energy Corridor, where employment has continued to be relatively stable. Cinco Ranch was also buoyed this summer when the Texas Education Agency gave its top accreditation rating – exemplary – to 12 of the 13 Katy ISD campuses serving the community.
 
Cinco Ranch has also expanded its new-home product offerings in 2009.

In late 2008, a model home park opened to showcase the community’s most affordable new homes, priced from the $160,000s. This fall, Cinco Ranch opened Park Place, a neo-traditional neighborhood with nostalgic architecture, prices from the $280,000s and new builders including J. Kyle Homes.

The community also benefited from a custom home showcase that attracted thousands of visitors this spring.
 
“Offering a variety of new-home styles and price ranges, along with an expanding array of recreational amenities, has also been key to the success of Cinco Ranch,” Gould said.
 
New home sales also increased 12 percent in Telfair, a 2,018-acre Newland Communities development in Sugar Land.  A total of 347 new homes were sold in Telfair in the first three quarters of 2009, compared to 313 new homes sold during the first nine months of 2008.